Tag: Vietnam

TNT services in Vietnam to benefit Malaysian firms

Posted by | Jul 25, 2007 | |

Malasyan businesses that have significant trade with Vietnam will benefit from TNT’s new domestic express services and solutions.

In a statement today, TNT Malaysia and Brunei managing director Gerry Power said the company would invest more than RM 33 million ( USD 9.53 million) over the next four years for this initiative.

“The domestic expansion of TNT’s services and offerings presents Malaysian businesses with additional opportunities for growth in Vietnam.

“With TNT’s enhanced network, Malaysian businesses can enjoy greater reach within Vietnam while availing themselves to an efficient, reliable means of shipping their products seamlessly, from door to door,” he said.

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Vietnam: Foreign investors sniff postal sector opportunity

Posted by | Jul 23, 2007 | |

Foreign companies are lining up as Viet Nam opens its post and telecommunications industry, which is expected to be one of the most lucrative sectors in the country.

Last June, Prime Minister Nguyen Tan Dung issued a new directive easing the way for more foreign investment.

The Ministry of Post and Telematics is required to come up with a plan to open up the domestic post and telecommunications market for foreign companies in line with Viet Nam’s World Trade Organisation commitments.

In the postal service field, foreign companies will be allowed to enter into a joint venture with a Vietnamese post partner and their capital contributions to these projects must be less than 51 per cent.

Deputy Minister Nguyen Duc Lai said that the telecommunications ministry is drafting a decree with specific regulations for foreign investors.

The new decree includes measures aimed at removing impediments to investment activities in the posts and telecommunications field. The draft may be submitted to the government by year’s end.

Pham Hong Hai, director of the Telecommunications Department, predicted that foreign investors will be most interested in partnerships involving mobile services and renting of network infrastructures.

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TNT plans new Penang-Singapore service

Posted by | Jul 23, 2007 | |

TNT Express Worldwide plans to launch a new direct, next-day delivery service between Penang and Singapore on the Asia Road Network in the next few months.

Asia Road Network is TNT’s door-to-door delivery service, which uses an integrated road network linking Kuala Lumpur to Singapore and Bangkok and more recently, Vietnam.

The new service is expected to offer customers up to 40 per cent cost-savings compared to air freight and a 30 per cent reduction in transit time compared to the earlier schedule.

TNT is targeting high technology manufacturing companies in Penang as its would-be customers.

TNT Malaysia managing director Gerry Power said he expects the new Penang-Singapore direct service to contribute a further 30 per cent growth in volumes to the Asia Road Network. He was speaking at the launching ceremony of the company’s new Kuala Lumpur International Airport (KLIA) facility.

The new 14,500 sq ft facility is three times the size of its previous facility in KLIA and is equipped with the latest technology in supply chain management.

Meanwhile, Gerry also said that TNT has plans to extend the Asia Road Network to China as early as December 2007.

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DHL wishes to further partnership with Vietnam Post and Telecommunications Corporation

Posted by | Jul 20, 2007 | |

DHL Vietnam has shrugged off the idea of setting up a totally foreign-owned firm in favor of expanding cooperation with the Vietnam Post and Telecommunications Corporation (VNPT).

VNPT started acting as agents for DHL in 1988 with the first bilateral deal inked in Ho Chi Minh City. The Germany-based company got permission to set up a joint venture with a 51 percent stake with the largest telecommunications group in Vietnam in January 2007 in order to meet ever-growing market demands.

Vietnam has allowed a foreign company to hold a 51 pct stake in an express delivery joint venture as part of its entry into the World Trade Organization (WTO). However, wholly foreign-owned express companies have to wait until 2012 to go into operation.

VNPT is quite a familiar service provider to the Vietnamese with a wide agent network covering 52 cities and provinces across Vietnam.

Baxter said his company with a market share of 40 percent in Vietnam is consistently experiencing double digit growth exceeding 20 percent in Vietnam as the manufacturing sector continues to grow, and Vietnam realizes its export potential.

DHL has already kicked off a 14 million USD project to build two major service centers in southern Dong Nai province and Hanoi and to purchase a new fleet of vehicles. The move is expected to help DHL rival around 20 other foreign market players including TNT, Fedex, UPS and JNE.

TNT of Australia has just brought to service the trans-Asia road network (ARN) in Vietnam after adding 6 more million EUR to its project kicked off in 2005. After the first phase with total budget of 2 million EUR, the ARN project created a road linking Singapore, Malaysia and Thailand.

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Foreign courier services to be allowed to compete in Vietnam

Posted by | Jun 29, 2007 | |

Foreign companies will be eligible to provide forwarding services in the domestic market by 2012 if the Government approves a draft decree by the Ministry of Post and Telematics (MPT).

Under the draft, businesses allowed to join the domestic market will be wholly-owned foreign companies, branches of foreign companies and joint venture companies where foreign partners hold more than 51 percent of the total registered capital.

According to the MPT, the decree was drafted to meet the country’s pledges following Vietnam’s accession to the World Trade Organisation (WTO).

The draft decree also outlines conditions surrounding an express service, which specialises in forwarding letters and documents that weight under two kilograms. According to the draft decree, the State will subsidise this service to ensure the post industry is able to develop sustainably.

MPT’s official said the Vietnam Post and Telecommunications Group (VNPT) will be selected to provide the special express service, however, forwarding fees will be regulated by the Government. Other businesses will be allowed to take part in the service, however, their charges must be ten times higher than VNPT’s.

The Government will provide exact details of the State’s subsidy of the special express service.

The first forwarding joint venture to be set up since Vietnam joined the WTO as DHL – VNPT, which has a total registered capital of 5.8 million USD.

Besides joining with VNPT, and participating in Vietnam’s forwarding market, DHL said it will also invest in five another projects in the field with a total capital of 6.5 million USD. – VNA

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